reverse mortgage

Why CHIP Rates Remain High
Canadian Mortgage Trends
Most interest rates have dropped to historic lows in recent years…but not all of them. One that hasn't is the rate on CHIP reverse mortgages. On October 12, 2009, CHIP parent HomEquity Bank announced its receipt of bank status.

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CHIP Reverse Mortgage Volumes Not Surprising to Some
Canadian Mortgage Trends
One of the most evident trends in financial services is the growing demand for reverse mortgages. HomEquity Bank confirmed that trend (again) by posting a 42% year-over-year surge in Q4 reverse mortgage volume. President and CEO Steven Ranson

Freddie Mac's Regulator 'Completely Puzzled' By Allegations Of Conflict
WBUR
(Chip Somodevilla / Getty Images) Saying he is "completely puzzled by the notion that there was something immoral that went on here," the man at the top of the agency that regulates Freddie Mac has explained why he believes the taxpayer-owned mortgage

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HomEquity Shatters Records for Canadian Reverse Mortgages in 2011
Reverse Mortgage Daily
In Canada, where reverse mortgages fall under HomEquity's CHIP Home Income Plan, the products appear to be taking off, with HomEquity Bank continuing to set records in reverse mortgage volume. The actual quantity of reverse mortgages, around 2000 in

Toronto Real Estate Roundup January 27th 2012
Move Smartly
That means most home owners could now qualify to take on 22% more debt than they could with a 25 year mortgage. Furthermore, Canadian Home Income Plan (CHIP) reverse mortgages have grown in popularity over the past ten years. Reverse mortgages allow